Bookkeeping

Seeing Through The Numbers

Episode # 4 of the Seeing Through the Numbers Podcast is all about bookkeeping and how cloud systems like Xero have simplified this process. I started using Xero back in 2012 when it was still an unknown in Australia. At the time, I was regularly getting enquiries from new start-up businesses and I set them all up on Xero, gave them an hour or two of training on how to use it and they were up and running. It's that simple to use. After six months of doing that, I converted my own office accounts from MYOB to Xero and immediately saved myself 4 hours a month in data processing time. From that time onwards, I've been shouting from the rooftops and telling everyone I see how awesome Xero is. I even wrote a book about it - Connected Technology - How to Transform Your Business with Cloud Accounting. Fast forward to now and whilst all the benefits that were espoused in 2012 are still valid, like the time savings, the automation of data entry, the ability for your advisors to see your numbers, real-time up-to-date numbers, the greatest benefit is in having those numbers readily available to help you to make decisions and to see what's happening in the business. I'll be talking to Nick Urry from Dexterous Accounting next week about how bookkeeping can be simplified.